Greer, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Greer Neighborhoods Since 2000




Greer, SC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Greer Housing Market Information

With a population of 28,365, 10,339 total housing units (homes and apartments), and a median house value of $175,305, Greer real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Greer, accounting for 65.61% of the city's housing units. Other types of housing that are prevalent in Greer include large apartment complexes or high rise apartments ( 16.99%), row houses and other attached homes ( 6.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.37%).

The most prevalent building size and type in Greer are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.76% owning and 47.24% renting.

Greer homes and real estate are some of the newest in America. 41.80% of Greer's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Greer real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.37%), and between 1940-1969 ( 19.69%). There's also some housing in Greer built before 1939 ( 5.15%).

Greer Home Appreciation Rates

Appreciation rates for homes in Greer have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.42%, which ranks in the top 30% nationwide. This equates to an annual average Greer house appreciation rate of 1.18%.

Appreciation rates are so strong in Greer that despite a nationwide downturn in the housing market, Greer real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Greer appreciation rates continue to be some of the highest in America, at 6.24%, which is higher than appreciation rates in 76.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Greer. Greer appreciation rates in the latest quarter were at 0.64%, which equates to an annual appreciation rate of 2.57%.

Relative to South Carolina, our data show that Greer's latest annual appreciation rate is higher than 70% of the other cities and towns in South Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Greer differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Greer - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Greer real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$175,305

Greer, SC HOME PRICES

Value Range
> $1,164,000 0.3
$874,001 - $1,164,000 0.1
$582,001 - $874,000 1.3
$466,001 - $582,000 2.2
$349,001 - $466,000 5.3
$233,001 - $349,000 12.3
$116,001 - $233,000 44.9
$58,001 - $116,000 21.3
$0 - $58,000 12.2

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
39.8277276456112 16.728624535316

Number Of Homes And Apartments:
10,339

Greer Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
30.29% 1.55% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$937 / per month

Homeownership Rate

Homeownership
Owners 52.76
Renters 47.24
Vacant 5.48

Housing Market Details

 

Age of Homes

AGE OF Greer HOMES
2000 or Newer 41.8
1970 - 1999 33.4
1940 - 1969 19.7
1939 or Older 5.1

Types of Homes

TYPE OF Greer HOMES
Single-Family 65.6
Townhomes 6.5
Small Apt. Buildings 6.4
Apt. Complexes 17.0
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Greer HOMES
No Bedroom 0.26
1 Bedroom 9.85
2 Bedrooms 30.12
3 Bedrooms 43.89
4 Bedrooms 13.38
5 or more bedrooms 2.50